Refer to the data above. The marginal propensity to consume is:

According to the short-run Phillips curve, which of the following would result in high rates of unemployment?

A) strong increases in aggregate demand B) strong increases in aggregate supply C) a higher inflation rate D) a lower inflation rate

Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it

A) reduced expenditures on health care. B) reduced expenditures on pensions. C) increased savings. D) increased consumption relative to GDP.